“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)


"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat


Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput


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Sunday, March 30, 2014

Priorities

With all that is happening as the fallout from the oxymoronically named "Affordable Care Act" increases, with the complete breakdown of a coherent American foreign policy abroad, and with the polls showing a growing majority of Americans believe the country is on the wrong track, out comes our imperious leader with solutions to a real issue that no doubt ranks right up there at the top of those things which the citizenry is most concerned with - YEP - you guessed it... cow farts.

Boy howdy is that real leadership or what?

White House looks to regulate cow flatulence as part of climate agenda

Read more: http://dailycaller.com/2014/03/28/white-house-looks-to-regulate-cow-flatulence-as-part-of-climate-agenda/#ixzz2xSnFUxFX

26 comments:

  1. Extremely pathetic. Meanwhile not one scientific study has proved that any such "greenhouse" gases can even drive climate - especially CO2. Instead they just tweak models to show such relationships with no scientific bases whatsoever. With midterm elections coming, I am sure that this will be done via executive order instead of a bill from congress.

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  2. Eric, exactly; It is the height of arrogance for tptb to push first global warming and now climate change. There is a major difference between climate and weather and this imho is all another hoax. Maybe I am wrong; sparks

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    Replies
    1. Steve-
      I think hoax might be a strong word--I think scientists are working chipping away at a very complex set of phenomena with crude instruments. IMO dimwitted political interests on both sides seize on it as needed. There's an interesting graph on climate (and cyclical nature thereof) from NASA that goes back a few hundred thousand years--Temperature has been on an upswing since before industrial revolution.

      http://earthobservatory.nasa.gov/Features/GlobalWarming/page3.php


      If the trend is your friend I would say long cool season C3 photosynthesis grains (wheat, rice, etc.) as their habitat is shrinking and short sugar cane (c4 photosynthesis grass) as has very efficient photosynthesis in hot environments. Short pineapples as well (CAM photosynthesis - great for heat & drought).

      I think it's fairly safe to say that climate change (both ways) will lay to waste the best laid schemes o' mouse a' men. Europe's ski resorts were built shortly after WW2 during a very brief downswing in temperature. The Norse settled Greenland during a period of global warming prior to the 'Little Ice Age." and were forced to flee the coming cold.

      Delete
  3. Maybe if the wonderful CIC would just close his damn mouth, methane would be reduced by 90%...

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  4. Really Dan? The Daily Caller? lol

    You should stick to market commentary where you don't embarrass yourself.

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    Replies
    1. Convenient source to cite. But check your facts before you dis some one.

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    2. Eric Original;

      What is wrong with people such as yourself that you feel no compunction about telling a blog writer what he or she can post? If you don't like what I post here, do us all a favor and leave. No one is forcing you to come here. In the meanwhile, if you are going to come and leech off of the free market commentary, then have the common decency not to insult your host you graceless maggot.

      Delete
    3. Dan, I lurk, learn and try not to clutter the board. But I have to thank you for your reply to that rude comment. You have no idea how much I enjoyed it! Thank you!

      Delete
    4. what, Dan can't branch out and point out craziness when he sees it. and it will have it's economic effects on everyone.

      Delete
  5. I view this foray in to climate change a a victory for political expedience ( demos in danger of losing Senate majority ) over good sense. Way too many people telling others what to do and how to do it. Not nearly enough doing.

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  6. If they can milk a cow with a machine effectively they'll figure out a way to pipe a methane compressor to a cow's butt. Lol...Moo!!!

    Big methane burp: Cow farts a greater problem than EPA previously thought, study says

    Published November 26, 2013Associated Press

    WASHINGTON – The United States is spewing 50 percent more methane — a potent heat-trapping gas — than the federal government estimates, a new comprehensive scientific study says. Much of it is coming from just three states: Texas, Oklahoma and Kansas.

    That means methane may be a bigger global warming issue than thought, scientists say. Methane is 21 times more potent at trapping heat than carbon dioxide, the most abundant global warming gas, although it doesn't stay in the air as long.

    Much of that extra methane, also called natural gas, seems to be coming from livestock, including manure, belches, and flatulence, as well as leaks from refining and drilling for oil and gas, the study says. It was published Monday in the Proceedings of the National Academy of Science.

    The study estimates that in 2008, the U.S. poured 49 million tons of methane into the air. That means U.S. methane emissions trapped about as much heat as all the carbon dioxide pollution coming from cars, trucks, and planes in the country in six months.

    While the world has a good handle on how much carbon dioxide is pumped into the air, scientists have been more baffled by methane emissions.
    That's more than the 32 million tons estimated by the U.S. Environmental Protection Administration or the nearly 29 million tons reckoned by the European Commission.

    "Something is very much off in the inventories," said study co-author Anna Michalak, an Earth scientist at the Carnegie Institution for Science in Stanford, Calif. "The total U.S. impact on the world's energy budget is different than we thought, and it's worse."

    EPA spokeswoman Alisha Johnson said her agency hasn't had time to go through the study yet, but hopes it will help "refine our estimates going forward."

    While the world has a good handle on how much carbon dioxide is pumped into the air, scientists have been more baffled by methane emissions. They have had to use computer models to estimate how much methane is going into that air.

    This study, however, was based on nearly 13,000 measurements from airplane flights and tall towers, the most used in any such research.

    The information was collected in 2008, right at the beginning of the natural gas boom from hydraulic fracturing. So these measurements, which will be repeated for 2012, don't include much impact from fracking, Michalak said. Studies recently have shown conflicting results about how much methane escapes during fracking and other forms of fossil fuel drilling.

    Outside experts praised the study. Robert Howarth at Cornell University called "it very compelling and quite important. This is the most comprehensive study yet."

    Michalak said because of the way they measured methane — just looking for it in the air as opposed to tracking it from a source — it is hard to say what is putting more methane into the air. But she said by looking at concentrations — especially within Texas, Oklahoma and Kansas — the scientists have a good idea: Cows, oil and gas.

    Nearly one-quarter of the U.S. methane emissions came from those three states. Texas is by far and away the No. 1 state for refineries that turn oil into gasoline. Texas and Oklahoma have been big oil and gas drilling states and Kansas is a big cow state.

    Cows seem to be spewing twice the methane that scientists previously thought, Michalak said.

    While burps and flatulence are part of the methane emission from cattle, University of California Santa Barbara professor Ira Leifer said a bigger factor is manure.

    "If you shovel it into an artificial lagoon you are creating the perfect production for methane, but it cuts down on the smell and your neighbors complain less," he said.

    foxnews.com

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  7. Dan, the thing I respect about you is your discipline in putting up a wall between your politics and your trading account. I see now what a struggle that must be for you. Good Luck.

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  8. the hot air and bull shit that comes from this administration is far more damaging to everyone's health and wealth then any other type of dung....imho

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  9. Dan, I thought you were doing a joke column just for some comic relief but I see it's real. since I'm a follower of your take on the markets can you give us some guidance on the Fart Futures market when trading gets underway. I want to get in on the ground floor. thanks.

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  10. well, are we all having fun now? sparks

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  11. MEA CULPA on Precious Metal Calls from L Edelson ( Weiss Research)
    http://www.moneyandmarkets.com/so-what-gives-larry-plus-a-very-important-update-59650

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  12. Oh no! The zombie horde of angry cynics and brain dead cut and pasters have found their over here from the empty hat site!

    Dan, it goes without saying - post what you like, but I liked it better when you stuck to market analysis. Also, I have always admired your civility even in the face of rude commenters . . . . don't know if that is the new you, the real you or you on a bad day in your comment above . . . . where you channeling Jim 'Smoky' Quinn?

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    Replies
    1. Because this isnt a paid subscription, im not sure why anyone would feel the need to comment on anything Dan writes about.

      Delete
    2. That makes no sense....because you actually just commented yourself. :-)

      Opinion is never a bad thing if it gives someone else pause to consider something they might not have come across otherwise.

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    3. Dan: Regarding Eric the Original - I love it when you talk dirty!

      Delete
  13. If either side takes out an artillery placement of the otherside by "mistake" then gold might catch a bid.
    North and South Korea are currently playing a game of chicken.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    North, South Korea trade artillery rounds into the sea: Seoul

    By Jack Kim
    SEOUL | Mon Mar 31, 2014 10:30am EDT

    By Jack Kim

    SEOUL (Reuters) - North Korea fired more than 100 artillery rounds into South Korean waters as part of a drill on Monday, prompting the South to fire back, officials in Seoul said, but the exercise appeared to be more saber-rattling from Pyongyang rather than the start of a military standoff.

    The North had flagged its intentions to conduct the exercise in response to U.N. condemnation of last week's missile launches by Pyongyang and against what it says are threatening military drills in the South by U.S. forces.

    North Korea also accused the South of "gangster-like" behavior at the weekend by "abducting" one of its fishing boats and threatened to retaliate. The South said it had sent the boat back after it drifted into its waters.

    More than 100 North Korean shells out of 500 or so fired landed in South Korean waters, prompting marines from the South to fire back with more than 300 rounds into the North's waters, defense officials in Seoul said.

    Seoul also scrambled F-15s on its side of the maritime border, they said.

    "We believe the North's maritime firing is a planned provocation and an attempt to test our military's determination to defend the Northern Limit Line and to get an upper hand in South-North relations," South Korean Defense Ministry spokesman Kim Min-seok said....(cont.)

    reuters.com

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  14. Horrific collapse in the mining shares continues, as the entire gold sector is on the brink of extinction.

    Most astonishing news is how so many 40-year veterans get it wrong over and over again without apology.

    Meanwhile the IWM is charging higher, with Micron up 8%, Delta Airlines up 3.5% as the economic boom rolls on.

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  15. on a different subject, did you folks see the 60 Minutes show last night with Michael Lewis? I missed it but have read all his books to date and plan to get Flash Boys, detailing the algos , hft and the rest of the shenanigans that the thieves have brought into our now busted for good mkts; take care everyone, there are sharks in these polluted waters; sparks

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  16. Attention Mark!!! Your pool boy, James Turk has gold doubling this year. But he wants to know if you can exchange the cot he now sleeps on for a real mattress. Can you? Sparks

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  17. Get free services with 2 days free trial
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